For sale as a "going concern".
Leasehold Guide Price £220,000 to include goodwill, fixtures, fittings and equipment- excluding VAT, if applicable.
Situated within the coveted riverside conservation area, the business occupies a charming Listed building arranged over ground floor and basement, with the added benefit of a split level two bedroom apartment above. The apartment is accessed from within the ground floor of the restaurant.
The restaurant has lots of character and is superbly presented featuring a retractable conservatory roof over part of the dining room- there is "al fresco" seating to the front also on the pedestrianised street. Currently laid out for 54 covers to the ground floor (internally). The basement provides storage space of approximately 175 sq ft with a ceiling height of 6', whilst the ground floor measures circa 1025 sq ft. Toilets and Kitchens are on ground floor level.
The upper apartment comprises; Lounge of 14'10" x 13'5". Kitchen/Dining Room of 16'2" x 13'3". Bedroom 1- 16'2" x 13'10". Bedroom 2- 14'7" x 11'6" plus Bathroom/W.C.
Presented in good order and with access from the Kitchen/Diming room to a roof terrace area.
Location
Church Street is a highly sought after pedestrianised street in the heart of the town centre and forming part of the riverside conservation area. It is a very popular dining destination comprising an interesting mix of fashionable boutiques, specialist shops, restaurants and Cafe's, including Gail's Bakery. The River Thames runs parallel and the mainline station is a short stroll.
Accommodation
Size - 1,200 sq ft
Terms
Tenure: Leasehold
Price/premium: £220,000
Rent: £40,000 Per annum
Legal fees: Both parties to be borne by the ingoing tenant/purchaser
Rateable value: The VOA website states a R.V. of £14,000, payable at the prevailing rate.
Lease details: 20 year lease from 2019 with 5 yearly Rent Reviews. Lease not inspected by Franklin Commercial, please verify.
Trading hours: 11.00-23.00. Currently closed Mondays and Tuesdays.
Years established: 11.
Employees: 8 in total, comprising full and part time.
Client involvement: Full time.
Specification
- Beautifully presented throughout
- Business for sale
- Character property
- Close to many multiples
- Close to station
- Densely populated area
- Discretion required
- Early viewing recommended
- Favoured dining destination
- Long established
- Outside seating
- Residential accommodation
- Roof terrace
- Town centre location
- Turnkey opportunity
- Al Fresco seating
- Close to river
- Conservation area
- Listed Building